Under Construction

Individuals under 18 years of age are not exempt from paying municipal income tax.

BALANCE DUE/OVERPAYMENT INFORMATION

Amounts of less than $5 will not be collected or refunded.

ESTIMATED PAYMENT REQUIREMENTS

Quarterly payments of estimated tax must be made regardless of the anticipated amount owed.

LOTTERY/GAMBLING WINNINGS

Lottery/Gambling winnings are taxable - no minimum.

NET OPERATING LOSS

A net operating loss may be carried forward for 5 years.

RENTAL INCOME

Rental income is taxable regardless of the total gross rental received.

S-CORPS

S-Corp distributive shares that do not represent wages are generally not taxable and should not be reported on Form 37 Schedule J.

WITHHOLDING FILING FREQUENCY

1) If the withholding amount per month is less than $300, file quarterly - due on or before the last day of the month following the end of each quarter. Otherwise, file monthly - due on or before the 15th day of the following month.
2) The under 18 rule does not apply. Taxes must be withheld regardless of age.